Norway’s Yara International has pulled a plan to float spin-off Yara Clean Ammonia (YCA) due to its valuation.

The group said in April last year it was plotting an IPO for the business.

But now any transaction will be delayed for an unspecified period.

Subscribe to Green Seas
TradeWinds’ weekly newsletter on sustainability and the business of the ocean digs into environmental issues every week in the maritime industries.